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Manufacturing

Rolls-Royce shares tumble after broker slaps 'neutral' rating on them
By City AM
Analysts at Citi downgraded the FTSE 100 heavyweight from a 'Buy' to a 'Neutral' rating
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Barbour profits jump 10% despite 'relentless' cost and pricing pressures
Fashion
During the financial year the South Tyneside business also opened a Singapore operation
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Tata Steel in green steel supply deal with JCB
Deals
The two firms has entered in a memorandum of understanding that will see steel made from scrap at a new £1.2bn electric arc furnace at Port Talbot
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Plan revealed for £20m industrial research facility in Port Talbot
Swansea Bay City Region
The South Wales Industrial Transition from Carbon Hub, or Switch, would be located in the Harbourside area of Port Talbot
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100 jobs lost as Gateshead's Virtuoso Doors falls into administration
Insolvency and Administration
The Follingsby Park firm was not among the other Customade Group businesses rescued in recent deals
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North Shields manufacturer Formica sees losses widen amid market decline
Company Results
The company has been restructuring the business and now only manufactures from the west part of its Tyneside factory
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Tyneside pharma firm Shield Therapeutics taps up investors to raise new funds
Finance
The business expects to raise in excess of $7.7m from two separate fundraises - one involving its biggest investor
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New accounts reveal Hitachi Rail performance in build up to £500m rescue deal
Company Results
Hitachi Rail received a contract to build new trains for FirstGroup in a move that is said to have safeguarded jobs
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º£½ÇÊÓƵ Government doubling funding support after ending of heavy steelmaking at Port Talbot
º£½ÇÊÓƵ Government
Welsh Secretary said funding supported is being doubled to £30m
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Sertec unveils fruits of £7m investment
West Midlands
Component manufacturer has installed new press in its base in Coleshill
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Spain's Navantia to save failing shipbuilder Harland & Wolff
Deals
Business secretary Jonathan Reynolds said the deal was a 'huge vote of confidence' in the º£½ÇÊÓƵ
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Historic Bartoline rescued from administration in £800k deal, saving 90 jobs
Insolvency and Administration
The DIY products specialist had encountered difficulties following Covid
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Green light recommended for furniture firm Senator International Group's new warehouse
Manufacturing
Senator International Group plans new building at Blackburn business park
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Manufacturers expect costs to soar after Budget as confidence falls 
BDO
Survey from Make º£½ÇÊÓƵ and business advisory firm BDO shows confidence fell to its lowest level in a year
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Graphene manufacturer Versarien boosted by €800,000 grant
Finance
Its Spanish subsidiary has been awarded the money for a two-year project
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Funding deal for F1 composite manufacturer
West Midlands
MV Composites will use new capital to fit out new manufacturing base and hire staff
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Aurrigo International seals £5.25m share placing raise
West Midlands
Coventry-based manufacturer or airside transport products will use capital to increase production
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Black Country move for pork pie maker after funding deal
West Midlands
TC Morris has also created new jobs and plans an apprenticeship programme following injection of capital
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Jobs lost as Grimsby seafood firm Arctic Fish Products goes into administration
Food and Drink
Administrators at RSM º£½ÇÊÓƵ are now handling the firm's affairs and say they are working with directors to realise value from assets for creditors
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JDR Cables secures £30m export finance deal along with new global work
Energy
The Polish-owned firm has significant growth plans in the North East
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£5m boost for manufacturing tech firm Partful as it aims for US expansion
North West
Northern Gritstone leads investment round with Par Equity and Blumberg Capital
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Renishaw co-founder Sir David McMurtry dies
People
The billionaire inventor established the Gloucestershire-based engineering firm more than 50 years ago
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Northumberland's Bedmax hails export strength as it targets more sales
Company Results
The maker of bedding products for the equine market has invested in equipment and research
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Northumberland aircraft de-icer Kilfrost hails good trading year despite fall in sales and profits
Company Results
Kilfrost has been making de-icing fluid for the aircraft, ground and rail sectors around the world since 1933
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